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Limon can you please expand on that, Im sure its something not any of us are doing.

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in my experience most wanna be pros start out thinking their gonna love playing poker forever and so they never prepare for that day when it all comes crashing down. so when they make their first 50k playing 5-10nl or whatever they just move up to the next highest limit that they can barely afford. so even though they are moving up limits their lifestyle isnt changing and they still have all thier eggs in one basket. this is bad for financial and psychological reasons. inevitably they go on a massive losing streak and because they were always playing right on the edge of what they could afford it buries them. now they have to work their way out of this hole and it becomes a horrible grind, many go on life tilt at this point. fully coming to the realization of how many hours theyre gonna have to put in ,they borrow money (from people like me) to make a quick hit and then really get stuck. a smarter plan would be to move up slower and invest on the way so you never have to do any one thing to survive. sooooo, instead of jumping straight from 5-10 to 10-20 buy a little triplex. instead of jumping straight from 10-20 to 25-50 buy a laundromat or a parking lot. instead of buying into 20 events at the wsop parter w/ someone in a business venture that you find interesting. instead of playing 70 hours a week play 40 and get a part time job you really enjoy (i still do golf club repair to this day). keep your ears open at the casino for opportunites, (one of my biggest f-ups was not partnering w/ co owner of an l.a. casino who was starting an offshore sportsbook a decade ago), pretty soon you realize that you never have to play poker again...then your poker game becomes unbeatable and you see the grinders in a totally different way. i guarantee you 10 years from now the "winners" who post on 2+2 will NOT be the guys playing 6 screens 80 hours a week at higher and higher stakes. it will be the guys who are writing books or software or starting "poker schools" and it wont be because they made a fortune doing any of these things it will be because they diversified early and stepped out of the boom/bust cycle.

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good post but I disagree with a lot of it. Many of the biggest winners online are ones that took shots aggressively knowing they had the humility and discipline to move back down if they lost. Often they did, and quickly clawed their way back up. Also, these are guys who have made 1-2 mil in their first couple years of playing and will probably have huge sums by their mid-20's specifically because they focused almost solely on poker poker poker.

The guys that are smart enough to perhaps have taken your advice are the ones that will escape the boom/bust cycle not by investing elsewhere but by getting good enough to demolish the games for millions and have a huge enough roll to pad against the variance.

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what you're talking about describes how something like 25 people's lives play out. if you were born with freakish poker talent and can just sit down at your computer whenever you want, play against whoever you want, and print money even when you're not on your a-game you don't have to do much else right.
limon is talking about how to go from 5/10 winner to long term financial success. most of the people who try to do that by moving up and up and up will eventually fail. their chances are much better if they follow his advice.